Stories from New York · United States

Goldman Sachs has filed with the SEC to launch a new Bitcoin fund. The filing comes as Bitcoin and Ethereum prices hold steady ahead of potential Federal Reserve meetings.

The NASDAQ index fell by 227 points, nearly one percent, during Tuesday trading. Coca-Cola is the largest gainer among the 30 blue-chip stocks, rising approximately 5% following news regarding Coke Zero. The Nasdaq index fell 0.9 percent following reports that OpenAI missed revenue and user targets ahead of its planned initial public offering. Oracle shares fell 4 percent due to scrutiny over its reliance on AI for cloud computing ambitions. Other semiconductor stocks, including NVIDIA, AMD, and Broadcom, also declined following the news. The Nasdaq Index fell 0.9% to close at 24,663 points, dropping nearly 1.5% during the session. Analysts are discussing whether the AI semiconductor cycle is transitioning faster than expected. The discussion included industry analyst Lee Ju-hwan, a former researcher at SK Hynix. No specific market figures were provided in the report.

Barry Diller's IAC plans to change its name to People Incorporated. The company intends to lay off 77 staff members as part of a consolidation of corporate functions.

Plans have been submitted to New York City to expand a 2.2 million square foot facility. Candidate Winder and other Democrats in the race are calling for a short-term moratorium to study the environmental impacts of the site. The campaign of Van Drew has reportedly received more than $19,000 from an investor in the race. The mayor stated the federally funded expansion will support thousands more across the Bronx over the next couple of years. The initiative aims to expand access to library services in these areas.

Bloomberg is overhauling its Terminal to include chatbot-style AI features designed to improve accessibility for traders. The CTO confirmed the integration of these tools during an interview with WIRED.

Rising gas prices and elevated energy costs are putting pressure on the U.S. consumer. Analysts noted that if consumer spending declines, real GDP could fall below one percent. While the consumer currently appears resilient, experts suggest they may not perpetually withstand high energy costs. A resolution to these economic pressures is sought in the near term. The source noted the impact of these costs on federal economic considerations.

Gerry Conway, the creator of Marvel's Punisher and a former editor for the company, has passed away at age 73. Conway co-created characters including The Punisher and worked on DC characters such as Superman and Batman. The source noted his impact on the comic book universe.

Actor Bruce Willis has been diagnosed with frontotemporal dementia and aphasia. The medical profession reportedly took approximately six months to reach the diagnosis. His wife has begun speaking publicly about the condition.

A witness reported a breach of a secure ballroom perimeter during a recent incident. The individual allegedly gained entry through a nefarious means. Daniel Kurtzleben noted that the alleged shooter moved into the area very quickly. Video footage released by the Trump administration is being used to evaluate the response. A witness mentioned an alleged shooter staying in a room and avoiding housekeeping to remain undetected. A witness, Daniel Kurtzlaven, noted that the alleged shooter entered a room by avoiding housekeeping, which resulted in a breach of the perimeter of a very secure ballroom. Analysts are currently evaluating whether the response time by security agents was adequate. The exact timing of the incident remains unconfirmed. Reports indicate a breach occurred at a ballroom where every door and the staircase or elevator access were compromised.

The Metropolitan Transportation Authority (MTA) is expanding its crackdown on fare evasion on New York City buses. The agency is deploying employees onto additional routes to monitor ridership. This follows the previous use of specialized Eagle teams on select bus service routes to verify payments. The move aims to reduce unpaid fares across the city's transit network.